ECON 323 Game Theory and Strategic Behaviour

15 Credits

0.125 EFTs



Introduction

The study of economics is, most generally, a study of the interactions of people within the constraints of institutions. One of the key goals of economics is to determine what outcomes will emerge when all people pursue their own self-interest. To this end, game theory, the study of strategic decision making, is a natural language for economics.

This course aims to extend students understanding of strategic thinking by introducing them to the principles of game theory. This aim will be achieved by providing students with a comprehensive and critical review of both technique and application within the field.

 

Topics

  • Introduction and General Principles
  • Games with Sequential Moves
  • Games with Simultaneous moves
  • Games with Mixed Strategies
  • The prisoner’s Dilemma Game
  • Games of Strategy
  • Collective-Action Games
  • Games with Incomplete Information
  • Applications including Treats, Voting, Auctions, Bargaining, Trading, Lock-in, etc.
  • Evolutionary Game Theory.
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    Schedule and location

    Copies of the final timetable will be available at Registration.
    Semester one timetable block 4
     

    Prerequisite courses

    Four 200 level courses.
     

    Recommended preparatory courses

    ECON 215.
     

    Examinations

    Exam dates will be available at the end of week five in each semester. Until exam dates are advised, students should not plan to leave the University until the end of the exam period.
     

    Examiner

    Ian MacDonald, Faculty of Commerce.
     

    Apply to Study

    Page last updated on: 06/03/2012